EVP2 is backed by Europe, North America, Asia and the Middle East institutions. : A group of institutional investors have backed CBRE Global Investors to raise €1bn for a second European value-add strategy. The $101.7bn manager said Europe Value Partners 2 (EVP2) received the equity commitments from institutional investors from Europe, North America, Asia and the Middle East at final close. The first European value-add fund raised $840m at close in February 2016. In July Last year, IPE Real Assets reported that the Teacher Retirement System of Texas was among investors committing to CBRE GI’s EVP2 fund.